Tuesday, August 24, 2004

How can I profit from new-home construction?

New book makes home building seem less daunting

This unusual new book, "Building Real Estate Riches," by Chris Condon is about building new houses as investments, selling tax-free, and then doing it all over again. That's a quick summary of this unique book.

The basic idea is to find a buildable lot, construct a new house on it, move in, live there for 24 months, and then sell for a tax-free principal residence sale profit up to $250,000 (up to $500,000 for a married couple filing jointly).